Gasoline prices averaged USD 1.97 per gallon in February, up 9.3% from January. On 27 February, the commodity traded at USD 2.29 per gallon, up 18.0% from 30 January.
Gasoline’s price premium over crude rose in February, as refiners began switching to costlier summer-grade fuel and the risk of Iran-U.S. conflict grew. As the war began, the premium surged to the highest level since May 2025 at end-February; gasoline supply is more inelastic than that of crude, exposing it to price spikes.
This chart displays Gasoline (US$/gal) from 2024 to 2025.
RBOB Gasoline (prices in US$/gal, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RBOB Gasoline | - | - | - | - | 2.37 | 2.57 | 2.26 | 2.00 | 2.10 | 2.11 | 2.09 | 1.85 |